Monetary History News
(updated: 2009-12-30)

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Date

Country

Event

2009-11-30

Korea (D.P.R)

Currency reform (currency confiscation):
The won [KPW], is replaced by the (revalued) won at a ratio of 1 : 100. No new currency code is defined, no official exchange rate is published. The previous currency could be exchanged within 6 days only up to a maximum amount. [No official reference available, all informations are from secondary sources]

2009-01-29

Zimbabwe

Currency reform (currency suspension):
The revalued Zimbabwe dollar [ZWR], is replaced by the Zimbabwe dollar [ZWL] at a ratio of 1 : 1'000'000'000'000. The initial value against the USD is 22 : 1 [reference]. At the same time commercial transactions in foreign currencies (such as ZAR, USD and EUR) are permitted and the ZWL is "suspended".

2009-01-01

Slovakia

Currency reform:
The krone [SKK] is replaced by the euro [EUR] at a ratio of 1 : 30.1260.

2009-01-01

Turkey

Name change:
The yeni lira ("new" lira) is re-denominated to simply lira, the currency code [TRY] remains. [reference]

2009-01-01

Turkmenistan

Currency reform:
The (old) manat [TMM], is replaced by the (revalued) manat [TMT] at a ratio of 1 : 5'000. The initial value against the USD is 2.85 : 1. [reference]